Alliancebernstein L.P. Buys Shares of 101,400 Ranger Energy Services, Inc. (NYSE:RNGR)

Alliancebernstein L.P. acquired a new stake in shares of Ranger Energy Services, Inc. (NYSE:RNGR) during the fourth quarter, HoldingsChannel reports. The firm acquired 101,400 shares of the company’s stock, valued at approximately $1,570,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RNGR. Hillsdale Investment Management Inc. bought a new stake in shares of Ranger Energy Services in the 4th quarter worth approximately $3,756,000. Acuitas Investments LLC purchased a new position in Ranger Energy Services during the 4th quarter valued at about $2,294,000. Prudential Financial Inc. grew its position in Ranger Energy Services by 102.4% during the fourth quarter. Prudential Financial Inc. now owns 219,222 shares of the company’s stock valued at $3,394,000 after purchasing an additional 110,907 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Ranger Energy Services by 54.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 288,805 shares of the company’s stock worth $4,471,000 after acquiring an additional 102,313 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Ranger Energy Services by 42.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 196,423 shares of the company’s stock valued at $3,041,000 after acquiring an additional 58,234 shares in the last quarter. Institutional investors own 68.10% of the company’s stock.

Insider Buying and Selling at Ranger Energy Services

In other news, Director Brett T. Agee sold 13,343 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $14.52, for a total transaction of $193,740.36. Following the transaction, the director now owns 1,782,232 shares in the company, valued at approximately $25,878,008.64. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 43,882 shares of company stock valued at $639,858 in the last 90 days. 3.00% of the stock is currently owned by insiders.

Ranger Energy Services Price Performance

Ranger Energy Services stock opened at $12.64 on Friday. Ranger Energy Services, Inc. has a one year low of $9.27 and a one year high of $18.45. The company has a market capitalization of $281.34 million, a price-to-earnings ratio of 19.16 and a beta of 0.27. The company’s fifty day moving average price is $14.76 and its two-hundred day moving average price is $14.99.

Ranger Energy Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.90%. This is a boost from Ranger Energy Services’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, March 14th. Ranger Energy Services’s dividend payout ratio is 29.27%.

About Ranger Energy Services

Ranger Energy Services, Inc provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services.